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Search Results 0 to 35 of about 36 (some duplicates have been removed)
CSPAN
Jan 25, 2013 6:00am EST
. secondly, there is absolutely no chance the president's request to have a permanent, unlimited debt ceiling will kerr. this is constitutional -- will poker. as we have seen in the past it's also been a helpful tool not only on checks and balances but to enact spending reforms and restraints that can be helpful, although in my view have not been helpful as they have in the past. a third point is that the claim we heard earlier today that a short-term extension of the debt limit may raise the u.s. government debt service costs. that is highly speculative. but rooney 11 gao study showed significant results. three out of every five had no impact. the 2012 report was based on only one event. statistically inconclusive. the bipartisan estimate are based upon both of these gao studies, and they missed the point. the fact of the matter is unsustainable spending over time without doubt will raise cost of our borrowing in america. that's why we are all here today to deal with this issue, or attempt to give our best insight. i'd like to ask dr. foster a question with related to the debt ceiling. many
FOX Business
Jan 20, 2013 10:00pm EST
with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president gror norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ ♪ gerri: almost exactly one year ago today in this program, in this segment we told you about the president hosting a white house event and a chilling viewers he's serious about tackling unemployment. that was his job council. a combination of academics, union reps command ceos. back in unemployment was eight and a half%. today it has fallen. it has fallen, but not far enough. and i would like to tell you that the jobs council is on the case tried to drive us to zero on employment, but the truth is it is not met in the year. the 26-member panel officially known as the president's council on jobs and competitiveness last convened on januar
FOX Business
Jan 24, 2013 1:00pm EST
is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most profitable company ever. >> the state of the unions, organized work falling to new low levels. >> in all is fair in love and hair? where m
CNN
Jan 26, 2013 10:00am PST
that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm
CNN
Jan 27, 2013 12:00pm PST
and last november. we've been through a fiscal cliff debate. we are working our way through a debt ceiling debate. i think in a responsible manner. with an eye towards trying to fix some problems. >> when you look at the options out there. president obama budget proposal and paul ryan's offer, they both don't do what guys like you say need to be done. balancing the budget for a long time. now you guys have a proposal or coming with a proposal that says you'll balance the budget in ten years. i ask paul ryan this, i can't get an answer. how? it's going to hurt. >> new baselines now in the budget. i mean, obviously, as we know, some of the difficulty and the differences in washington are centered around the method of accounting. whether it's static or dynamic. because it's static, when you raise taxes, that $650 billion of additional taxes that went in because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? we'll have to make some choices. there's no question about it. >> right. >> but we have committed to putting a budget out
CNBC
Jan 21, 2013 4:00am EST
for the eurozone, as well, it's not just about the debt ceiling, they have to get the debt down. the debt ceiling may get raised, but it's not being tackled long-term. >> it seems every single time consistently we get the opposite outcome. which means some areas are consistent and it raises debt levels going forward. >> it seems to me as though we can't fix this one because democratically it's not possible. why? because there are so many verses who are automatically vote to increase the debt because the number of people who own entitlements or benefits is relatively high. and i think you're seeing this failure both in the u.s., in germany and to an extent in the uk. >> the trouble is for all of those economies maybe some of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, th
CBS
Jan 22, 2013 6:00am PST
's victories will be only partial. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house i
CNBC
Jan 22, 2013 4:00am EST
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
CSPAN
Jan 28, 2013 7:00am EST
. and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and the kind of leadership, you know, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. you broach the whole growth of growth and jobs, and that is the answer to all of us. you also talk a lot about contagion on this one. we all sensed that if the european situation got worse, and they represent 23% of world gdp, the effect it's going to have on the united states, india, brazil, it's going to be real. and so with 40% of export coming here to the united states and so forth, all of a sudden we started to see
FOX Business
Jan 22, 2013 1:00pm EST
term. >> the house is getting set to vote on the republican debt ceiling proposal tomorrow. that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south
FOX News
Jan 22, 2013 8:00am PST
are playing their version of let's make a deal over the debt ceiling. tomorrow the republican-controlled house expected to vote on a bill allowing the government to borrow money through may 18th. but they want something in return. chief congressional correspondent mike emanuel live in washington with the details. what is the latest? >> reporter: as part of raising the debt ceiling the house republicans will demand that the senate pass a budget with spending cuts included and will try to force getting it done by april 15th. a short time ago the top senate republican issued this call to action. >> and so it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago and that is to work with us on identifying durable solutions to the problems that we can only solve together. to put aside those things we know we can't agree on and focus on what we can agree on. and we should start with spending and debt. because if we don't get a handle on that nothing else matters. >> reporter: bottom line republicans recognize
CNBC
Jan 22, 2013 9:00am EST
the debt ceiling. [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> good morning from l.a. one of the biggest events that investors have to look forward to over the next year is the prospect that hilton could be returned to the u.s. stock market. now, remember, blackstone took it private at the height of the market. $26 billion, a whopping $26 billion in 2007. the question that investors and the rest of the industry want to know is, in that private environment, what has private equity done with hilton. for the first time we'll start pricing apart hilton for the sake of investors and the rest of the industry. joining me here is the president for development at hilton. welcome to the program. >> good morning, simon. >> what have you done in particular, what has the international expansion been for hilton whilst under blackstone? >> in the last five years we're focused on growth. we've added in the last four or five years, where we've had these terrible economic conditions, we've added 1,000 hotels.
CNBC
Jan 23, 2013 6:00am EST
's scratching their heads. and now with the possibility of having the debt ceiling extension out to may, what you're going to see now is traders and other people that have positioned themselves to sell short-term volatility and buy it out to march. especially in the vix. now that's going to get rolled out to april, to may. you'll see this continued complacency. and when i say complacency, i don't think that's a bad thing. but the continued complacency in kind of this area of low volatility. that's just going to get extended out now. we get a couple more big earnings or good earnings surprises. and say apple comes out today with -- with some good guidance, we could see the vix call to the 11 handle which is really -- that's almost unprecedented. >> continued complacency, but the news of earnings is pushing forward? you can't fight the trend? >> no, you can't. what i'm seeing is traders especially that have wanted to be short or traders that have been buying, you know, upside calls in the vix, they're almost ready to throw in the towel. it's almost -- i don't. to say a capitulation, but guys do
CSPAN
Jan 27, 2013 2:00pm EST
to decide on the debt ceiling and spending. and so this is where we really need leadership which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. and i think we'll do it here. but it would be nice if we didn't have to go to the cliff each time to do it. >> well, you know, and again, when you start talking about the kind of relationships and the kind of leadership, you know, we till seem to have -- we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. and, you know, you broached the whole goal of growth and jobs, and that is the answer to all of this. you also talked a lot about contagion. on this one. now, we all, you know, sensed that if the your -- european situation got worse and they're representing 22% of gdp, you know, the effect it's going to have on the united states, india and brazil is going to be real and everything. so with 40% of their exports coming here to the united s
CNBC
Jan 28, 2013 6:00am EST
backed off that so you didn't get that outcome. at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe s
CNBC
Jan 24, 2013 4:00am EST
world is not smouldering, but greece was not aflame, the united states had just done the debt ceiling. i said you know what? because the ecb finally started acting like the federal reserve, the panic is now over. didn't say the crisis is over, but the panic is over. >> you said carry stability. you talked about tend of financial panic. >> others are saying cautious optimism. >> right. but there's two separations. once we get done dealing with the panic. we'll be farced then we're not part of a business cycle. ben there, sdun this. >> but you've got to get ceiling debate in the u.s. you've got the italian elections. so we will see. >> the perception over here is that the extreme part of the republican party has backed off on this issue of the debt ceiling. >> well, sure, they're extending it. >> that's the perception there. >> steve, there you go. jon fortt better watch out, that's all i'm saying. >> he's covering the economy. we can swap for a while. >> that's not a badi. what do you think, kelly? >> receive, i have the blackberry 11 for the keyboard, right? >> no. you'll elect the virtu
CNBC
Jan 23, 2013 9:00am EST
. investors are awaiting the house vote this afternoon on postponing the debt ceiling. news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global co
CNBC
Jan 24, 2013 6:00am EST
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
FOX News
Jan 24, 2013 6:00pm EST
to the debt ceiling, the president would campaign against him for the next two years, charging he caused another recession. which is why boehner's aides say anailiation is the right word. >> bret: ed henry live on the north lawn. thank you. what do republicans plan to do about it? chief political correspondent carl cameron is in charlotte where the g.o.p. is holding the first big conference since the election. good evening, carl. well, the plan to avoid political annihilation that wants to impose on them is the plan to come back from election defeat. they lost big with minorities. according to the blacks and asians, dominant theme here. >> trying to connect with the voters. the biggest thing is how do we have the right message at the right tactic to connect in the long-term to the voters, and increase their involvement. >> rnc is doing a major autopsy on 2019 and issue a report in march. so far they have been brutally candid about their mistakes. particularly the failure to compete with digital campaign or old fashioned grassroots organization. >> the obama campaign learned from bush-che
CNBC
Jan 23, 2013 4:00am EST
banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news f
CSPAN
Jan 24, 2013 9:00am EST
colleagues for any kind of long-term inquiries in the debt ceiling. so let's get the process moving. no more brinksmanship, no more last-minute deals. the american people have already had to wait four years, four years for a budget from senate democrats. they shouldn't have to wait nearly as long for us to confront a debt that threatens the economy, our jobs and the future of our nation. yesterday, i laid out the remedies of the -- the realities of the fiscal challenges we face as a country. we've delayed facing them long enough. let's put the politics aside and finally do the work we were sent here to do. mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from colorado. mr. udall: mr. president, i'd ask unanimous consent that the quorum call be lifted. the presiding officer: without objection, so ordered. mr. udall: mr. president, i also ask unanimous consent i be recognized to speak for ten minutes as if in morning business. the presiding officer: without objection, so ordered.
FOX News
Jan 23, 2013 3:00am PST
the debt ceiling until may 18. included in that, two caveats. the senate has to come up with a budget, which they haven't since 2009. did you know that that was before the ipad was created. the chevy volt, bieber fever, and instagram. it's about time the senate actually comes up with a budget. also incorporated into this is if they don't, then members of congress would not get any dough. their paychecks would be suspended. >> steve: speak of dough, gretch, joining us right now, did you realize today is national pie day? we've got the owner of grand traverse pie company in michigan. look at that. we've made animation for you. good morning to you. >> good morning, steve, how are you? >> steve: how many pies do you think you've made since 2009 when they last passed a budget in the senate? >> oh, boy. we've made few hundred thousand pies. i think we've done our work. now we need others to do their work. >> steve: you actually do work with the dough, where the dough is real, unlike funny dough. >> yeah. and the thing is, you combine cherries and blueberries and you get a compromise of the
MSNBC
Jan 25, 2013 1:00pm PST
is that this idea that there is a deficit crisis and we're going to be greece if we don't breach the debt ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by themselves, by the way, without the majority of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joi
CSPAN
Jan 24, 2013 11:00pm EST
washington d.c. first the fiscal cliff, debt ceiling, joe biden's uncontrolled task force. these are sideshows we've allowed to take center stage in our country. as conservatives can with all the sideshow track. all of these debates are about government. governments and government power are the leading lady and they demanded government today. today's conservatives and disrupted the solving the hideous mess that is the federal budget, the mammoth federal debt, shortfall in entitlement programs. we seem to have an obsession with government bookkeeping. this is the wrong game for us to play. today's the fiscal cliff, tomorrow the fiscal armageddon. but i've got news for you. our government to stop the fiscal cliff. it happened years ago and every year for many years. today's conservatism is in love. if we can unite behind a proposal to cut the deficit and debt and put together a spreadsheet and powerpoint and tv out, all will be well. the succession procedures is focused on government. by accessing the service on the budget spreadsheet within a not-so-subtle signal to focus o
CNBC
Jan 28, 2013 9:00am EST
. so the resolution of the debt ceiling crisis in particular, i think was a big moment for the market. we are targeting 2.25% on the ten-year over the next couple of months. as you mentioned, economic momentum is getting a little better. really, the underlying trend of things is not so bad for the economy. and if you do get, as your previous guest noted, another move up of 3%, 4%, 5% in equities, then that could easily be the impetus to get treasury yields even higher than they are today. >> the big question, and we should talk about it, is the losses that people could suffer moving forward. but for the moment, if we take a historical perspective, we're still at very low interest rates, aren't we. 4%, 5% would be a normal rate. i assume this is not necessarily at the moment at this level a problem in slowing the economy. >> no, we're not panicked. in fact, we think that treasury yields will probably find a plateau somewhere around that 2.25% and end the year somewhere about where they are today. treasury yields, at least at the moment, are heavily influenced by supply and demand facto
CSPAN
Jan 28, 2013 12:00pm EST
. that has to change. [applause] now, the house won't consider another debt ceiling increase unless the senate passes a budget. and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he tho
FOX Business
Jan 24, 2013 11:00am EST
to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improving gradually, housing is and i s
CNBC
Jan 25, 2013 4:00am EST
overseeing t.a.r.p. and navigating the financial crisis to facing off with congress against the debt ceiling and the fiscal cliff, here is a look at the past four years as geithner gets set to exit. >> nbc news is now reporting that timothy geithner will be the treasury secretary under president-elect barack obama. >> tim geithner offers not just extensive experience shaping economic policy and managing financial markets. he also has an unparalleled understanding of our current economic crisis. >> the ayes are 60, nays are 34. >> i, timothy f. geithner, i pledge all of my ability to help outline that challenge. we are outlining a new fiscal stability plan. >> will you step down from your post sdmp. >> it is a great privilege for me to serve this president and i am very pleased to have a chance to address the range of concerns you said. i agree with almost nothing in what you said. >> we've got the t.a.r.p. it's suppose to expire. >> we are working to put the t.a.r.p. out of its misery and no one will be happier than i am. >> i am complete confidence in tim geithner. >> lots of great people w
CNN
Jan 25, 2013 11:00am PST
of the debt ceiling and trying to avoid the fiscal cliff showed congress at its worst. chambliss served two terms in the senate. he anchored some conservative activists with his attempts to find a bipartisan solution to the nation's debt problem. >>> playing the lottery might become impossible for some people in north carolina. here's why. a state lawmaker wants to ban people receiving government assistance or those who have declared bankruptcy from playing. republican representative paul stan is helping to draft this legislation. he says welfare money should be used to help people survive, not for gambling. critics say everyone should be able to play. ♪ what's love got to do with it ♪ >> great song. >>> singing legend tina turner is saying good-bye to her u.s. citizenship and will soon be a citizen of switzerland. she is 73 years old. she moved to switzerland in 1995 with her long time partner and says she cannot imagine a better place to live. she needs at proval of the swiss federal authorities to make this official. >>> the vice president takes his gun violence task force to a virgi
FOX News
Jan 24, 2013 6:00am PST
at the front lines. bill: congress has a compromise, a deal with the debt ceiling, it comes with a big catch, though. does that mean there is hope for a long-term solution, america? or is this going to backfire in a big way? martha: scientists say that these new pictures of the sun shed light on a long-standing mystery. what that is? bill: 32 minutes later here is your moment, america. we do believe senator kerry will begin his opening remarks to his colleagues on the senate committee here. here we go. >> members of the committee, thank you very, very much. i'm in awe of the wonderful comments that were just made, and i appreciate them, and i'll say a little bit more about them. before i begin i would like to have the privilege of just introducing very quickly, i think most of you know my wonderful wife, theresa who has been part of in great journey for a longtime. my brother cam who is serving over in the commerce department as counsel there and i trust they know he's here and have tkeufpb him tim given him time off. my daughter, vanessa and her husband brian, both of whom are working as ph
CSPAN
Jan 27, 2013 2:00pm EST
and a trillion dollar increase in the debt ceiling. it's out there. that's not going to work. but with president obama, with his skills, if he calls together simpson and bowles or his advisors and says here is my plan to save medicare, here is my plan to save medicaid, here is my plan to fix the debt, i want bipartisan support to do that, he will get it. now, at first because it's a difficult issue, everybody will say oh, no, we can't do it that way, and then we'll sit dn and talk and we'll come up with a result. and i think the republican leader has shown that he is prepared and willing to do that. he has said it. he's done it on other issues. i don't know what else the rest of us can do to show -- to show that, so what i am trying to respectfully say today, as much as anything, to the president of the united states, is congratulations on your inauguration. i was there. i was proud to participate in it for a chance to say for a minute and a half why we celebrate for the 57th time the inauguration of an american president, we celebrate it because our country is distinguished from most of the oth
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